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Segments (Tables)

3 Months Ended

Mar. 31, 2013

Selected Financial Information by Reportable Operating Segment

Below is a breakdown of selected financial information by reportable operating segment:


	Three Months Ended March 31,
	2013			2012
Revenues
U.S.	$	366,363		$	411,225
International		184,193			169,875
Eliminations		(2,783	)		(2,282	)

Total revenues	$	547,773		$	578,818

Adjusted EBITDA
U.S.	$	80,078		$	104,293
International		36,178			36,035

Total Adjusted EBITDA	$	116,256		$	140,328

Capital expenditures
U.S.	$	6,156		$	19,694
International		30,733			27,290

Total capital expenditures	$	36,889		$	46,984

Reconciliation of Net Income to Adjusted EBITDA

The following table sets forth a reconciliation of net income to Adjusted EBITDA:


	Three Months Ended March 31,
	2013			2012
Net income	$	33,062		$	42,876
Add (deduct):
Income taxes		10,618			27,932
Interest expense ⁽¹⁾		32,606			32,133
Other income ⁽²⁾		(4,554	)		(5,422	)
Depreciation and amortization⁽³⁾		39,032			36,816
Impairment of long-lived assets		844			185
(Gain) loss on sale of assets and other		(342	)		836
Deferred lease expenses		890			1,123
Amortization of long-term prepaid rents		650			534
Share based awards compensation expense		3,450			3,315

Adjusted EBITDA	$	116,256		$	140,328

⁽¹⁾	Includes amortization of debt issue costs.

⁽²⁾	Includes interest income, foreign currency exchange gain and equity in income of affiliates and excludes distributions from NCM. Distributions from NCM are reported entirely within the U.S. operating segment.

⁽³⁾	Includes amortization of favorable/unfavorable leases.

Selected Financial Information by Geographic Area

Below is a breakdown of selected financial information by geographic area:


	Three Months Ended March 31,
Revenues	2013			2012
U.S.	$	366,363		$	411,225
Brazil		82,117			78,398
Other international countries		102,076			91,477
Eliminations		(2,783	)		(2,282	)

Total	$	547,773		$	578,818


Theatre Properties and Equipment-net	March 31, 2013		December 31, 2012
U.S.	$	925,482	$	940,922
Brazil		205,652		190,990
Other international countries		173,505		173,046

Total	$	1,304,639	$	1,304,958

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details